SCIC to unload maritime stock
The State Capital Investment Corporation (SCIC) will auction more than 2.4 million shares of Maritime Bank on the Ha Noi Stock Exchange on October 26, unloading its entire stake in the bank.
 |
| A Maritime Bank transaction office. SCIC will unload its entire stake in this bank next month.- Photo ndh.vn |
News website enternews.vn reported that the shares as of press time have a face value of VND10,000 (US$0.4) each, and they start bidding at the initial price of VND11,700 per share.
Maritime Bank reportedly plans to reach a pre-tax profit of VND190 billion this year, up 20.2 per cent over last year.
SCIC is the strategic investment arm of the Vietnamese Government, managing State interests in companies and projects.
It manages investment portfolios across different sectors of the economy, such as financial services, energy, telecommunications, construction and transportation.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- F88 partners with MB to transform over 850 financial stores into bank offices (December 17, 2024 | 18:04)
- Obstacles to stock-market upgrade to be removed (December 17, 2024 | 11:29)
- Vietnam seizes opportunities amid global trade shifts (December 16, 2024 | 18:00)
- Long-term perspective remains optimal approach (December 16, 2024 | 14:26)
- Fiscal measures to be based on upcoming US status (December 16, 2024 | 10:09)
- PetroVietnam accelerates divestment from PVI (December 16, 2024 | 06:59)
- Techcombank proactive with ESG and sustainability (December 14, 2024 | 10:00)
- VAT cut set to continue on through to summer (December 14, 2024 | 09:00)
- BIWASE Long An issues Vietnam's first AAA-rated bonds worth $27.6 million (December 13, 2024 | 20:22)
- Citi hosts Vietnam Day for Hong Kong clients (December 13, 2024 | 14:21)
Mobile Version